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2 Lot short trade on primary account, (opened Friday) got stopped out Sunday night. Here's the chart on the ETH template so you can see the overnight price action ( I'm not trading using the ETH ). Again, it was my intention to close 1 lot at a near target but I mismanaged that. I was not in front of my computer whent the entry was created and the atm strategy was not set to create a near target. I had been depending on myself to move the targets after getting filled. By the time I returned, market was closed. Would I do that if this was a real account? I hope not!
Can you help answer these questions from other members on NexusFi?
Got short. I began the day with a long bias on the strength at the open. Correlated markets were all in agreement at the time but now have turned mixed with crude oil selling off 2.74% and the EURUSD strengthing. The price action on the ES popped down under the D-VWAP and is following it gradually downward. I'm looking for a near gap fill.
If I had entered with 2 lots this wouldhave been a good place to peel off one and move my stop to break even.
Either way, one or 2 lots at this point I have a winner and I think I'm supposed to start looking to add to the position? Or is that only if it's planned to be a much bigger trade ( ie, swing trade with larger target??? ) @Big Mike can you give me advice on this?
Took off the add. RE: price action was not convincing it was going lower. The question I asked myself was: if I had one lot would I add here? Answer: no because I didn't have enough profit in the trade.
Looking like a tight range day now with a downward skew. Yet crude rally continues and is now at session highs down only .3%. ES is not following it higher. Why? In the last few minutes the EURUSD rally stalled and USDJPY is melting. Finally now the ES is perking up a little as I write... backup up to D-VWAP @1951.
No ES follow through with the Crude, USDJPY rally and EURUSD sell off. Correlation can't be broken. Something else is holding it back.
Edit: My bad, the 6J contract for the yen is inverted to the USDJPY so that one is holding back the ES.
